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Figure Heloc 
Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data shows BTC bears have not closed most of their positions yet.
💡 DMK Insight
Bitcoin’s surge to $71,210 is intriguing, but the bears are still lurking. The recent ceasefire between the US and Iran has sparked optimism, pushing BTC higher. However, the fact that many bearish positions remain open suggests that this rally might not be as stable as it seems. Traders should be cautious; if bears decide to close their positions, it could lead to increased volatility. Watch for key support levels around $70,000—if BTC dips below this, it could trigger further selling. On the flip side, if bullish momentum continues and BTC holds above $71,000, it could attract more buyers, potentially pushing prices higher. Keep an eye on trading volumes and sentiment indicators to gauge whether this rally has legs or if it’s just a temporary spike.
📮 Takeaway
Monitor BTC closely; a drop below $70,000 could signal increased bearish pressure, while holding above $71,000 may invite more buying interest.
